I WOULD LIKE TO KNOW IF NON-IATA CLEARING & FORWARDING AGENTS, WORKING ON BEHALF OF THE EXPORTERS ARE RESPONSIBLE FOR DEDUCTING TDS ON FREIGHT PAYMENTS MADE TO THE AIRLINE-APPOINTED IATA AGENTS FROM 1999 TILL 2002.
THE AIRLINES, UNDER DOUBLE TAXATION TREATY, HAVE ISSUED ALL IATA AGENTS
TDS EXEMPTION CERTIFICATES INFORMING ALL AGENTS NOT TO DEDUCT ANY TDS ON FREIGHT PAYMENTS.
HOWEVER, A SURVEY CONDUCTED ON US, THE TDS DEPT. IS ASKING US TO DEPOSIT THE TDS ON FREIGHT @ 1% + INTEREST FOR THE YEARS 1999 - 2002.
PLEASE ADVICE.
CAclubindia
